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 KOSPI (SEOUL.NDX) - Close: 2 042.92 (+7.10), Sep 16, 2014

Chart Technical Analysis KOSPI (SEOUL)

 Weak Positive Candidate -Medium term, Sep 16, 2014Analysis Explanation
KOSPI shows a strong development within a rising trend channel. A further positive development is indicated, and there is support against the floor of the trend channel. Has reacted back after the break of the rectangle formation. There is support around 2030, which now indicates good buying opportunities. An established break through this support will neutralize the positive signal. The index has broken down through the support at points 2060. This predicts a further decline. The index is overall assessed as technically slightly positive for the medium long term.

1 day-0.54%0.00+0.35%
5 days0.001.81%0.00-0.32%
22 days0.004.46%0.00-0.98%
66 days0.008.22%0.00+2.62%
Trend 11%2021.57 - 2113.65
Short Term Trading Range2014-09-11
Rectangle2014-07-25
Moving average2014-04-15
Inverse Head and Shoulders 2014-04-08
Long Term Trading Range2014-03-28
Inverse Head and Shoulders 2014-03-27


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